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MoonPay Acquires Sodot, Launches Institutional Digital Asset Platform
MoonPay acquired Israeli key management firm Sodot and launched MoonPay Institutional, combining infrastructure that MoonPay said has secured more than $50 billion in transactions. The new unit targets financial institutions, asset managers, trading firms, and exchanges moving into digital assets. MoonPay said the platform combines custody, key management, trade execution, cross-chain collateral mobility, and stablecoin settlement in more than 120 fiat currencies.